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Patti Bridges
"Results are What Counts! Call 727-742-6634"
- 5 Helpful Answers
- 20 Answers
- 1 Blog post
Experience:
Realtor for Various top companies here
June 1988—present
Since 1988 I have been working fulltime as a Realtor, helping people in the Tampa Bay…
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Since 1988 I have been working fulltime as a Realtor, helping people in the Tampa Bay…
Specialties:
After more than 20 years helping buyers and sellers, there's probably not many facets of real estate that I have not done. I work with first time buyers.
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Certifications
& Awards:
& Awards:
I have a proven track record of over 20 years. I am a consistent multi-million dollar sales producer and a specialist in Internet marketing.
Interests:
When I have time, I enjoy sailing, art shows, traveling and cooking.
About:
I have lived in Florida most of my life and in the Tampa Bay area since 1970. I've been helping people buy and sell homes here since 1988. Very simply
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Testimonials:
"If you would like to see what my clients have to say about my services, please go to:
http://www.realvalueratings.com/ ... show more
http://www.realvalueratings.com/ ... show more
Patti Bridges answered:
The bank may be able to just back out. This depends on what kind of approval they give your offer. Most likely they have the ability to do this. But, if you are qualified to buy and your offer is in line with their estimates of what the property should bring, I don't see why they would do that. If you have only been negotiating with the bank for a month it would be wise for you to expect to wait still longer. It is not uncommon for buyers of short sales to have to wait for six months and even more to close a sale that is dependent on the approval of the mortgage holder.
The worst case scenerio is that the bank will drag things out, not answer and go ahead with the foreclosure. If that happens it could force you to deal with a new listing agent after they process the home and put it back on the market . That could take a lot of time.
Sadly, short sales favor investors with cash who can sit and wait - not families who need a home.
The worst case scenerio is that the bank will drag things out, not answer and go ahead with the foreclosure. If that happens it could force you to deal with a new listing agent after they process the home and put it back on the market . That could take a lot of time.
Sadly, short sales favor investors with cash who can sit and wait - not families who need a home.
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